What kind of

important issues are done by Managerial Accounting,

besides using cost information?

Cost:Management accounting information can be costly. In many cases,

managerial accounting techniques require time and money to design,

implement, monitor, and evaluate. This can include moving existing

employees away from their normal job duties, hiring additional

employees, or hiring outside consultants. As such, you should consider

all of the costs required from design to retirement for the proposed

system. GAAP Compliance: internal measures and report dont have to

follow gaap but are based on cost benefif analysis. Adaptability:Although

there are some guidelines for managerial accounting procedures, the

methods can adapt to the specifics of your business. This can be an

advantage of managerial accounting but it is also a disadvantage

because management accounting is so flexible, it can be difficult to

compare results across companies, especially if you are inconsistent in

applying managerial accounting techniques within a company.

Reliability:Management accounting techniques usually emphasize the

timeliness of information to allow business owners to make decisions.

This means a trade-off with reliability.

6. (Learning Outcome Code: LO 1- K-TU) What kind of important issues are done by Managerial Accounting, besides using cost information? Cost:Management accounting information can be costly. In many cases, managerial accounting techniques require time and money to design, implement, monitor, and evaluate. This can include moving existing employees away from their normal job duties, hiring additional employees, or hiring outside consultants. As such, you should consider all of the costs required from design to retirement for the proposed system. GAAP Compliance: internal measures and report dont have to follow gaap but are based on cost benefif analysis. Adaptability:Although there are some guidelines for managerial accounting procedures, the methods can adapt to the specifics of your business. This can be an advantage of managerial accounting but it is also a disadvantage because management accounting is so flexible, it can be difficult to compare results across companies, especially if you are inconsistent in applying managerial accounting techniques within a company, Reliability:Management accounting techniques usually emphasize the timeliness of information to allow business owners to make decisions. This means a trade-off with reliability